PERAN MODAL KERJA TERHADAP PROFITABILITAS (STUDI EMPIRIS PADA SUB SEKTOR HOTEL, RESTORAN, DAN PARIWISATA)

Abstrak

The effect of cash turnover, accounts receivable turnover, and inventory turnover on profitability in hotel, restaurant and tourism sub-sector companies listed on the Indonesia stock exchange for the period 2020-2022. This study aims to determine the results of the effect of cash turnover, accounts receivable turnover and inventory turnover on profitability in hotel, restaurant and tourism sub-sector companies for the 2020-2022 period both partially and simultaneously. This study has 29 hotel, restaurant and tourism sub-sector companies. The sample obtained based on the criteria is 23 companies per year. The data analysis technique used is quantitative with descriptive statistics using SPSS v.26. The results of this study indicate that cash turnover partially has a positive effect on profitability, accounts receivable turnover partially has a positive effect on profitability, while inventory turnover partially has a negative effect on profitability. Simultaneously cash turnover, accounts receivable turnover and inventory turnover have a positive and significant effect on profitability.